Home Buying in San Francisco>Question Details

astroboy246, Home Buyer in San Francisco, CA

Renting out a BMR Unit in San Francisco

Asked by astroboy246, San Francisco, CA Wed Jan 9, 2013

If you buy a BMR unit in San Francisco are you not allowed to rent/sublet it out under any circumstance? e.g. job relocation, moving in a few months after you purchase etc?
what are the rules on this?

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Answers

3
No, owner-occupied only. The resale price will also be restricted when you try to sell in the future. The program is designed to create affordable housing, not to generate any income.
0 votes Thank Flag Link Wed Jan 9, 2013
You cannot rent out a BMR per city rules.
0 votes Thank Flag Link Wed Jan 9, 2013
I believe the rules are pretty clear - BMR units are to be owner-occupied only:

"BMR units are intended to be owner-occupied at all times and used as a principal residence for the duration of ownership."

Here's the link for the BMR program:

http://sf-moh.org/index.aspx?page=268

Toby

Toby Jackson
Better Homes & Gardens/Mason-McDuffie Real Estate
2200 Union Street
San Francisco, CA 94123
Mobile: 415-627-8200
Office: 415-921-0113
http://www.bhghome.com/JacksonHomes
DRE#01798961
0 votes Thank Flag Link Wed Jan 9, 2013
Does any body know the penalty of BMR unit owner getting caught renting out the unit? Did they just get a warning or they didn't get to keep their unit?
Flag Wed Jul 9, 2014
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